Ahead of IPO: Practo targets $1 bn GMV by June 2026

 IPO Roadmap and Expansion Strategy  
Practo has begun engaging banks for its planned listing, aligning corporate structure by relocating its legal base from Singapore to India. The company’s GMV push builds on marketplace-led healthcare services and international expansion, with the U.S. emerging as its largest growth market outside India.  

Major takeaways  
• Practo targets $1 billion GMV by June 2026, up from $400 million last fiscal  
• U.S. operations expected to contribute $250-300 million, highlighting overseas traction  
• IPO planned for 2026, with banks already engaged for advisory roles  
• Legal domicile shift from Singapore back to India ahead of listing  
• Marketplace-led healthcare services remain the backbone of Practo’s growth strategy  

Impact on Health-Tech Sector  
Practo’s IPO plan underscores investor interest in scaled digital health platforms. Success will hinge on sustained demand in its core marketplaces, regulatory clarity for redomiciling, and deeper U.S. penetration to diversify revenue streams before listing.  

Sources: Business Standard, Financial Express, Bloomberg